News

*Former NFL star Ray Lewis has reached a settlement in the $1.7 million dollar lawsuit he filed against his longtime friend & former lawyer, Marc Rosen, theJasmineBRAND.com exclusively reports. Lewis alleges Rosen screwed him out of millions by having him invest in risky ventures.

Lewis explained in his lawsuit that he worked with Rosen for several years on various matters. In 2008, his lawyer convinced him that it would be a lucrative business move to lend his name and likeness to an entertainment complex he was working on called MVP Entertainment. Rosen explained that none of Ray’s own money would be used to invest, but in 2010, Lewis unknowingly signed a series of loan documents, one for 1.5 million and another for 2.5 million.

The ex-NFL star said he learned about the loans in 2011, when Rosen approached him for an additional 200k to fund his business venture. Lewis agreed to obtain another bank loan for 200k for a grand total of 1.7 million that his lawyer promised to pay him back.

PATTI LABELLE GIVING ARIANA GRANDE PROPS REMINDS FOLKS SHE’S A BROWN-FACED WHITE CULTURE VULTURE

When the business venture failed to launch, Ray was on the hook for the 1.7 million dollar loan. He filed suit against his ex-lawyer for malpractice, breach of contract and Fraud. He demanded Rosen pay him back the 1.7 million + damages for his actions.

Rosen fired back at the lawsuit, claiming that he was never Ray’s full-time lawyer, rather his “business partner”.

On April 27th, docs were filed in the case explaining that Lewis and Rosen had reached a settlement in the 1.7 million dollar legal battle. Per the deal, all claims against the other will be dismissed and the case will be closed. The terms of the settlement will remain confidential.

E-mail me when people leave their comments –

You need to be a member of The Khaliseum to add comments!

Join The Khaliseum

The Shorty Roc NYC Show

You need to be a member of The Khaliseum to add comments!

Join The Khaliseum

Michelle Casten updated their profile
46 minutes ago
Leah P. Torres Caban updated their profile
yesterday
Leah P. Torres Caban is now a member of The Khaliseum
yesterday
Walter J Alvarez is now a member of The Khaliseum
Thursday
Michelle Casten is now a member of The Khaliseum
Wednesday
Alisa Hall updated their profile photo
Monday
Alisa Hall and Keekee joined The Khaliseum
Monday
Solange Webb and Jamar Gallmon joined The Khaliseum
Subscriber Subscriber
Sep 14
Kenecia valcin is now a member of The Khaliseum
Sep 12
Avah Burns, Terri Duarte and Tiki Dennis joined The Khaliseum
Subscriber
Sep 12
Alexis P Green is now a member of The Khaliseum
Sep 9
Judy Patterson is now a member of The Khaliseum
Sep 8
Lingkeshia Chambers is now a member of The Khaliseum
Sep 7
Melenisa Brown, Alberta Reed and Keisha cook joined The Khaliseum
Sep 6
Faith Massey updated their profile
Sep 5
DaVette Jones-Richards updated their profile
Sep 5
More…